沈阳农业大学学报：社会科学版2011，Vol.13Issue(4)：412-417,6.
公司治理与会计盈余分红相关性的实证研究
An Empirical Research on the Correlation between Corporate Governance and Accounting Surplus Bonus-based Cash Dividends
摘要
Abstract
The dividend policy,which is usually adopted to balance the relationship between after-tax earnings and retained earnings of a listed company,is an important means to regulate investors.The correlation between corporate governance and accounting surplus bonus is empirically examined by using the finance and corporate governance datum in 2009 from a share in China as sample.The results show that the accounting surplus bonus assumes a positive correlation with the controlling shareholder＇s holding ratios,the Board Size and the supervisor board size while it takes on a negative correlation with the proportion of circulated shares.Therefore,in order to balance the relationship between the after-tax earnings and the retained earnings,and carry out the important investor-management-oriented dividend policy it is suggested that the equity structure be optimized;the voting system of shareholder meetings be reformed;the compelling dividend detailed;and the transparency of dividend information be strengthened.关键词
公司治理/会计盈余分红/代理成本理论/控股股东比例/董事会规模/监事会规模Key words
corporate governance/accounting surplus bonus/theory of agency cost/ratio of controlling shareholder/size of the board/size of the board of supervisors分类
管理科学引用本文复制引用
田慧勇,于立新,朱天星,赵成..公司治理与会计盈余分红相关性的实证研究[J].沈阳农业大学学报：社会科学版,2011,13(4):412-417,6.基金项目
教育部规划基金项目 （）
